Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2019 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (3) TMI 1644 - AT - Income TaxAccrual of income - whether retention money is not income of the assessee as it has not accrued or arisen during the year? - HELD THAT:- As replying on SIMPLEX CONCRETE PILES (INDIA) PVT. LIMITED [1988 (12) TMI 52 - CALCUTTA HIGH COURT] we uphold the contention of the assessee and direct the AO to exclude the retention money included in the sales. This retention money can be brought to tax in the year when the assessee received the same. Accordingly this ground of the assessee is allowed for all the Assessment Years.
|